Nigeria customs partners with World Bank on trade compliance

  • June 28, 2023
  • News

The Nigeria Customs Service has introduced modalities for migration from Fast Track Regime to Fast Track 2.0 in partnership with the World Bank under the Accelerating Revenue Mobilization Reforms Programme. Previously known as Fast Track Regime, it is now introduced as Fast Track 2.0.

Mr. Abdullahi Maiwada, a Chief Superintendent of Customs, said that the new platform also assists trade by admitting traders who can contribute to trade in Nigeria based on the regulations. With Fast Track 2.0, the Nigeria Customs Service is likely to streamline trade processes and promote trade and compliance offering an efficient and rewarding environment for traders. He further added that Fast Track 2.0 is fully operational.

The traders interested in Fast Track 2.0 can take advantage of the facilities and get access to the information they require by applying through their website. The traders who are still using the Fast Track have to update to the new Fast Track 2.0 site as this would offer them significant cost reduction with cargo handling and demurrage charges at the port.